What brand of car do you think wealthy people most often drive? Mercedes? BMW? Lexus?
If you answered any of those models, youโre only partially right. Thatโs because, according to a study done by researchers at Experian Automotive (and published on Forbes), 61% of wealthy people actually drive Hondas and Toyotas and Fords, just like all the rest of us.
What amount of income do they consider to be โwealthyโ? The IRS says only 2% of American households make more than $250,000 a year, so thatโs the dividing line.
These big-time earnersโpeople who could easily afford a new Mercedes if they choseโdrive Honda Accords or Toyota Camrys. That gives a whole new meaning to the idea of โthe millionaire down the street,โ doesnโt it?